West
IRET Expands Denver, Minneapolis Portfolios
Apart from paying $125.3 million for two communities in Colorado and Minnesota, IRET also sold its entire Topeka, Kan., portfolio for $82.8 million.
Luxury Community Commands $89M Near San Francisco
Essex Property Trust acquired the 132-unit asset in Redwood City. An Institutional Property Advisors team assisted the seller in the deal.
Pathfinder Partners Buys Sacramento-Area Property
The 170-unit Rosemont Park, situated 10 miles east of downtown, traded for $28.8 million.
Las Vegas Residential Property Commands $80M
Security Properties acquired the Class A community, adding 379 units to its portfolio.
Cushman & Wakefield Facilitates Sale of Las Vegas Community
The brokerage firm represented the seller, CALCAP Asset Management, in the disposition of a 112-unit property near the Las Vegas Strip.
Heitman Purchases Boulder Community
The global investment firm acquired the 161-unit asset for the reported price of $62.5 million.
Sacramento Multifamily Report – Summer 2019
The metro is now largely a landlord’s market due to limited inventory growth and the Bay Area’s exodus.
How to Prevent Cost Overruns in Multifamily Construction
Richard Lara, president & CEO of California-based RAAM Construction, explains how developers can save money and avoid delays in project deliveries.
Cortland Completes $1.2B Multifamily REIT Acquisition
The all-cash deal includes upward of 7,000 units in the Texas Triangle and Phoenix.
MG Properties Buys Arizona Community for $110M
Everest Holdings sold the 512-unit property in the Chandler submarket, which leads the Phoenix metro area in multifamily absorption.